SSE’s (SSE) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of SSE (LON:SSE) in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 3,060 price objective on the stock.

Several other research firms have also recently weighed in on SSE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,650 target price on shares of SSE in a research note on Thursday, September 3rd. Berenberg Bank lifted their price target on SSE from GBX 2,800 to GBX 2,980 and gave the company a “buy” rating in a research note on Thursday, September 17th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Trading Down 1.1%

Shares of SSE stock opened at GBX 2,447 on Thursday. The company has a market capitalization of £29.52 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.06 and a beta of 0.58. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. SSE has a 12-month low of GBX 1,725 and a 12-month high of GBX 2,767.50. The firm’s 50-day moving average price is GBX 2,406.39 and its two-hundred day moving average price is GBX 2,463.84.

Insider Transactions at SSE

In related news, insider Martin Pibworth acquired 112 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. In the last ninety days, insiders have purchased 117 shares of company stock worth $286,051. 0.15% of the stock is owned by corporate insiders.

About SSE

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.